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. >>> now, despite merkel's calls for unity on russia, germany may have some problem with harsher sanctions. 36% of germany's natural gascon assumption comes from russia. 39% of their oil comes from russia. talk about going over a well, christopher chivas is a senior political analyst with the rand corporation. good to see you. will russia use this attack on pro-russian forces, separatists, whoever they are, inside ukraine as the provocation they were really looking for to attack and take territory from ukraine. >> i wouldn't be surprised at all, tyler, if that's what's going on. this is a strategy we have seen from russia before. the strategy is basically to aid and abet violence and turmoil and use it as an excuse for some kind of intervention. they probably will claim they're doing it on humanitarian grounds, but the reality will be that the large number of forces now poised on the border of eastern ukraine will move from russia into eastern ukraine. >> what is the end game here? what do you think will happen? will ukraine be split into two countries or what? >> it's very different to pr
that killed four americans, including the u.s. ambassador to libya. general lovell was in germany awaiting orders to strike at the terrorists, orders that never came. >> what we did know quite early on is that this was a hostile action. this was no demonstration gone terribly awry. to the point of what happened, the facts led to the conclusion of a terrorist attack. the afri-con j 2 was focused on attribution. the attacks became attributable very soon after the event. >> so that means the u.s. military, the cia on the ground in libya, and pretty much everyone else directly involved with the benghazi attack knew it was not a spontaneous demonstration within hours. yet, as we proved yesterday, the obama administration created a fiction that the attack was a reaction to an anti-muslim videotape. the cover was blown off that deception this week when a memo by white house advisor ben rhodes was released through the freedom of information act. the memo clearly says that ambassador susan rice was prepped to tell the world on television that a videotape incited the murders in benghazi. incredibly,
incentives -- >> policies like germany. why can't we be more like germany? dividedse we have a government in washington that is completely gridlocked on the subject of economic policy. so we get absolutely nothing out of washington leading the fed to carry the bomb. impetus on one particular level of policy and it's already so pushed to the extreme, potentially bad things are going to happen down the road. he will have unintended consequences. maybe another financial crisis you're notnt. helping the long-term unemployed. >> you worked for years at bear economics. now rdq do you still have the worry of future inflation? inflation could be a problem in the future? >> i do. right now, the liquidity the fed idle on banks balance sheet. we start to reconnect the banks willingness to lend with the amount of reserve they have available, the money supply could literally explode and the fed could do little about it. we saw that in the 1970's. we have sort of forgotten about the potential for that to happen. i think that risk is there. >> we're thrilled to have you here on fed day. even more thrill
. germa germany seem siemens isn't accepting that bid. >> reporter: they can solicit unsolicited bids. to that end, siemens is ready to sweeten an earlier bid, offering to swap some not all of the power assets along with cash. they called ge's offer compelling, alstom has untildown kd 2nd to make a decision. it would then seek approval of the company shareholders as well as the labor board. alstoms largest expects if offer. if approved it will immediately add to the companyings earnings eight to ten cents a share. it will mean that 75% of ge's operating mar jens will come from its industrial operations by 2016. that's important because it's targeted 70% of margins from industrial operations. so that allows it to exceed that goal. it sees $1.2 billion in cost savings. the therm am renewables and businesses would be the biggest acquisition of the ceo's 13.5 year tenure. in a statement. they say it furthers ge's strategy of expanding into industrial businesses leak power and water. now, when news of the ge bid first leaked, alstom is considered an industrial treasure. politicians were al
said that germany and france share similar social and political economies and it would be much easier for france to intervene with a german company then it would be with a u.s. company. that says a lot about his attitude towards what they call anglo-saxon capitalism. >> this is something we have seen over and over again. the left-leaning side of the socialist party. how should we take these comments? >> for readers and viewers who are not familiar with french politics, it is important to note that the socialist party has always had a business wing and a hard left wing. universe, nate montebourg is very much on the left. there are competing strands in the socialist party and we saw that on monday, when the government tried to walk back much worse comments over the weekend about favoring siemens. there is a concern about being seen as close for business, hostile towards investment. the fact that ge has gone far enough to announce what they have announced today suggests that the business wing is one that is round, at least for now. >> thank you very much. >> shares of sale are coming thi
recycling plant as well in germany. where does this leave the aluminum sector now? the prices are almost half in 2008. we have massive overproduction. >> we believe that -- actually we use the word cautiously optimistic now. what we see for the better part of 2014 and also into '14 is that we see aluminum demand outpacing aluminum production for quite some time now, which is a new situation we haven't seen for quite some time. with that being said, i think it is important to note that we do have a huge inventory and the industry is such that we'll have to come to the market at some point in time. just the fact that production is now lower than demand is a good situation for the industry. >> i suppose this is about demand outside china. how much does china impact, when you talk about demand outside china, talk about demand inside china. >> we believe china will be self-sufficient on primary production. we have said that for quite some time. we believe the industry very much concurs with that. we saw china back within we had the financial crisis quickly adapting to lower demand in their co
countries right now. really pushing hard to germany and france. kate mavs is not just a british style icon. she is a worldwide famous face. she has helped launch -- kate styles not just a british icon. she is a worldwide famous face. she has helped launch many -- i think it was in 19 [indiscernible] at the tender age of 14. this is why this is all about kate moss the business. she rates and 12 million pounds. gather inre tax x i >. collection good >> there was a stampede to get in when it was unveiled. people were snatching dresses off the racks. in the likes of -- there are many tactics. u.k.ct, if you're in the or from the united states, all of the designs of kate moss from nordstrom, it will be out before the rest is out good you can go online and start ordering. it will be interesting to see how many are there for ebay. still buy some of those dresses for 130 pounds. she does seem to be a bit of an icon. it launches across the world later. back to you. >> thank you. i look forward to that. think the the people strategy was to drink wine. [laughter] i'm sure that something a dangerous c
a two-day meeting today and europe is up across the board led by the dax in germany. our road map goes like this. a day we here at cnbc has been counting down to. our official first 25 list of rebels, icons and leaders unveiled this morning. we'll bring you the ranksings. >> merck shares are higher in the premarket after it beat the street despite some generics cutting into revenue and reaffirmed full-year guidance. >> coach shares lower in the premarket. women's accessories taking a lit despite earnings coming in ahead of consensus. first up, the list is out, this morning cnbc has unveiled its first 25 list as we celebrate 25 years on the year. the people who have had the biggest impact on business and finance over the last quarter century. the top 5 is led by steve jobs, followed by bill gates, ben bernanke, alan greenspan, the google guys, written, page and schmidt and jeff bezos. on "squawk on the street" we'll have interviews with two of the first 25, starbucks ceo and chairman howard schultz going to sit down with jim and david has hewlett-packard's ceo meg whitman later on in th
a strong euro run parody of germany taking back towards that mandated two percent, at least in germany. the big one for the eurozone comes out tomorrow. and itget low inflation moves gradually back towards target? look for tomorrow's number for any indication of that. europe surges-other day. up by 6/10. plenty of m&a and corporate activity to talk about. $1 trillion worth of bills so far. if you look at earnings, not so good. 44% of the companies on the stock 600. only 40. 4%. you can see the pessimism around you is earnings. so far. missing european stocks are higher. european futures are higher as well. >> jonathan ferro, thank you very much, indeed very >> earlier, we looked at how bp's business in the country could be affected. now, let's look at a different side effect, possible side effect of sanctions. ceo.e joined by christie's he joins us for an exclusive conversation. his gray chevy here. thank you for coming in. soon.a bit too next week we have our impressionist sale in new york city. our impressions right now is that there won't be that much change in the activity of our k
hans nichols joins us from germany. >> futures are hot. .t was the activity in m&a0 it will be about the data points. forronger gdp, a bigger day data and affects. >> it certainly well. we'll have to watch. you are watching bp sanctions. >> as a reporter first -- they reported results. they bumped up the dividend. their smallest increases the gulf spill. whattors on the whole like they are hearing. the big issue for bp is a they cannot catch a break. 4 years and nine days after the gulf spill him a they have a another big problem. it is called russia. are watching deutsche bank. we have had earnings. up aancine, wrapping conference call. he will not rule in or out any capital increases. a great deal of reporting over the week, the past week they have to were inspired billion in a new shares. revenues were down, profit was the dow. it was a beat on the numbers. would take a closer look. -- profits were down. -- we will take a closer look. months, back to microsoft. with the purchase of the phones or units. nokia have announced that rajeev suri will be taking the helm.
the contours of his huge industrial company in germany. they're about to announce that next wednesday. for them, it is really a fly in the ointment. i'm interested to see whether tomy do get that bid for als coming from siemens at all. these giantsh of will have the chance of winning? >> according to people who are boardg to alstom, their is leaning more towards ge. there are couple of reasons for that. you have less industrial overlap that you would with the german company. ant for import francois hollande. for him the most important thing is jobs and maintaining operations in france. energy policy ways on the government as well. in germany you have an energy policy where they want to scrap nuclear. france you have nuclear supplying 70% of their electricity. the final if you look at all of this is it could come down to the politics. when you ask a have to sell one of these big companies, it could be easier for france to sell a siemens offered that it would be for ge. snubfrance really want to the united states? it is a balancing act there. >> and people think of monaco, they think of casinos,
relations. germany, france, we have to go down the list. fascinating story in the times about putin's money about whether it is real or not. so many different situations to keep track of after this. female announcer: sleep train's interest free for 3 event ends sunday. it's your last chance to get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort; even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3 event, ends sunday. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ at your ford dealer think? they think about tires. and what they've been through lately. polar vortexes, road construction, and gaping potholes. so with all that behind you, you might want to make sure you're safe and in control. ford technicians are ready to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card at the big tire event. see what the ford experts think about your tires. at your ford dealer. on ca
siemens of germany. >> they stepped in. >> they want to create a deal that creates to european japanese instead of ge taking over. audience withe an the french president. is he going to wear dartmouth green tights? an audience? >> with a president whose approval rating is similar to that of our own president. i think it is bizarre. >> there is breaking news. will take on it more customers. this a top headline. they will divest almost 4 million customers. charter reap -- reports earnings later. >> no more headlines this morning. what else do we have? the yankees won. >> moving onto politics, war sanctions against russia over the crisis in ukraine. president obama says the u.s. and the eu will announce them later today. he spoke after arriving in manila as part of his asia trip. forwarde going to move with an expanded list of individuals and companies that will be affected by sanctions. they remain targeted. areas ofocus on some high tech defense exports to russia. we don't think they are appropriate to be exporting in this kind of climate. military has started exercises on the ukraine bo
the deputy foreign minister of germany is what the eu is likely to do is expand that list of sanctioned individuals they have by another 15 people. no companies that we know of yet. basically, more so-called stage to sanctions. >> who is going to be hit? >> from the u.s. sanctions, we heard from president obama earlier today talking about going after high-tech military aports, that would suggest company that exported $16 billion of russian weapons last year. >> ryan, thank you so much. ryan chilcote with the latest on these possible extra sanctions. we are back in a couple of minutes. ♪ >> welcome back. let's talk about the currency markets. euro/dollar spiking higher. reasons for this, a bunch of m&a today. you have got u.s. gdp this week. you have got the fed this week. there is talk as well that various russian entities may be looking to exit the ruble. there are various permutations about how you do this. all of this in aggregate could be affecting the dollar today. as you can see, a big spike earlier on. trading 1.3875. coming up, ge versus siemens in the battle for alstom. the h
. a big move in astra's shares, one of the top on the ftse, 14%. pfizer a slight bit higher in germany today. katherine boil is joining us with more on that. there's been a lot of discussion behind the scenes, is the next offer going to be a hostile one? >> well, it looks like pfizer is very much taking that tone with the statement today saying they made a couple of efforts to engage with astrazeneca management and they are not engaging back and are going directly to shareholders. what we have to see next is how much of a sweetener they are coming back for the shareholders because actually, if you look at astrazeneca shares today, they are trading close to the initial offer price made back in january. so pfizer definitely is going to have to add a little bit more to that to see shareholders really respond. >> no doubt the hedge funds are snipping around this deal already, but when we talk about the hostile approach, these are much more difficult to get across. but you have a backdrop where big farmer is on the move with the hallowed activity out there. do you think it's us is taped for
audience for ge's ceo and a rival bid from germany's siemens. settles a remarkable three-day scramble. hans nichols is in berlin to break down oust him down -- break down alstom's choices. are they going to be open on friday? >> they will not be open until wednesday. they have until then to , oneerate over one bid formal offer. it comes down to one crucial question. here is the ceo of an american company. do you ask for permission from the french government first before putting out that big? jeff himmel had the conversations with alstom. his board has approved it. then the french government got wind of it. today, he has a meeting with french president for an swap along. -- francois hollande. did he oron there is, should he have contacted the french state before he started getting everything in line? what has happened in the meantime, siemens has put together a rival bid. this is an asset swap. siemens would take the energy unit from alstom and give them the train unit. they are prepared to make guarantees for no job cuts for at least three years. it would make france the leader of rail and
Search Results 0 to 15 of about 16